Phrase originally made famous on the old
ABC's Wide World of Sports show that aired on Saturday afternoons. A hapless ski jumper fell off the
jump and had the misfortune to have that little video
clip replayed about a zillion times over the years.
Antonym is Thrill of Victory
Bringing you the wide world of
sports, where you can experience the thrill of
victory and the agony of defeat all within the comfy confines of your living room.
He blew that $
1,000 Nassau and then got fired for letting down the Chairman's team - talk about the agony of defeat.